Policies & Procedures

MANAGEMENT FEES:

To provide operations expenses nominal management fees are attached to each endowment account.  In FY2007 the Foundation’s total expenses were 5.6%.

Expenditures include all investment, custodial and consulting fees; annual audits; administrative expenses; salaries and benefits; materials and supplies; data processing assistance; and approved Board of Directors expenses.  Additionally, the Foundation will charge specific funds any expenses that are directly related to that fund.

  • All management fees are charged and collected on a monthly basis
  • All management fees are charged and collected based upon the average daily invested market value of each individual account for the month.
  • Management fees are based upon the following account market values:
Fee Rate From Market Value To Market Value
1.00% $0 $99,999
0.85% $100,000 $499,999
0.75% $500,000 $749,999
0.60% $750,000 $999,999
0.35% $1,000,000 $1,499,999
Negotiable $1,500,000 Higher